National Bank of Canada (TSE:NA) Given New C$190.00 Price Target at Canaccord Genuity Group

National Bank of Canada (TSE:NA) had its price target cut by Canaccord Genuity Group from C$191.00 to C$190.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have a hold rating on the financial services provider’s stock.

NA has been the topic of several other research reports. Jefferies Financial Group lifted their price objective on shares of National Bank of Canada from C$165.00 to C$172.00 in a research note on Thursday, February 26th. BMO Capital Markets lifted their price objective on National Bank of Canada from C$177.00 to C$195.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. TD Securities raised their price objective on shares of National Bank of Canada from C$175.00 to C$182.00 in a report on Thursday, February 26th. Scotiabank upped their price objective on National Bank of Canada from C$188.00 to C$202.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Finally, Desjardins upped their price target on National Bank of Canada from C$182.00 to C$200.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, National Bank of Canada currently has a consensus rating of “Hold” and an average target price of C$191.45.

National Bank of Canada Stock Down 0.4%

National Bank of Canada stock opened at C$185.60 on Monday. The business’s 50-day simple moving average is C$174.16 and its 200 day simple moving average is C$163.67. The stock has a market cap of C$71.88 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 7.14 and a beta of 1.32. National Bank of Canada has a 12-month low of C$106.67 and a 12-month high of C$193.71.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. National Bank of Canada had a return on equity of 12.83% and a net margin of 15.85%.The firm had revenue of C$3.89 billion during the quarter. As a group, sell-side analysts expect that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, February 1st. Investors of record on Sunday, February 1st were paid a $1.24 dividend. This represents a $4.96 annualized dividend and a dividend yield of 2.7%. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.18. The ex-dividend date was Monday, December 29th. National Bank of Canada’s dividend payout ratio is currently 45.71%.

About National Bank of Canada

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.